Calculate physical units in ending work in process inventory

Assignment Help Accounting Basics
Reference no: EM132633644

Question - Pie Ltd produces high-quality pies that passes through two production processes.

Data for June for the first process follow:

Work in process inventory, June 1 90,000 units

(Direct material 50% completed and conversion 60% completed)

Work in process inventory, June 30 to be calculated in part (a) below

(Direct material 60% completed and conversion 35% completed)

Direct material costs in work in process inventory, June 1 $60,000

Conversion costs in work in process inventory, June 1 $14,900

Units started into production 280,000 units

Units completed and transferred out 300,000 units

Direct materials costs added during June $385,000

Conversion costs added during June $214,500

Required: Using the weighted-average method

(a) Calculate the physical units in ending work in process inventory?

Reference no: EM132633644

Questions Cloud

Is the flow of costs through the manufacturing accounts : The flow of costs through the manufacturing accounts is essentially the same in both process costing and job-order costing. TRUE/FALSE
What effect would accepting this order : What effect would accepting this order have on the company's net operating income if a special price of $349.95 is offered per Batarang for this order
How can chi adopt an effective budget process : How can Stephanie manage her work relationship with the board of directors and executive director and evaluate her progress during her first three months
Explain the sql query : Find departments where there are academics that have at least two research interests without any description. List their instname and deptname in alphabetical
Calculate physical units in ending work in process inventory : Pie Ltd produces high-quality pies that passes through two production processes. Calculate the physical units in ending work in process inventory
Which criteria is necessary for revenue recognition : What are examples of expense that would not be considered an expenditure and one expenditure that would not be considered expense.
Where in the general fund financial statements would report : Where in the General Fund financial statements would you report Salaries paid to government employees? Purchase of a capital asset?
Record Pippen pre-consolidation journal entries on January : Printer's and underwriting fees in relation to the common stock issued of $5,000, Record Pippen's pre-consolidation journal entries on January 1, 2019
Find lab classroom environment : Describe your experiences as a new comer to the lab classroom environment.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd